HMM Smell something cooking at HBARWell HBAR had to get talked about at some point
This is a coin that could do something special if there is a Bull run this quarter. It may not be ready just yet (could take weeks) but if you look at the failure to break support and the absence of any major Green Vectors below, this looks like it will do some quick dipping and flipping or just flip from anywhere imminently.
The market cap is sitting above 4bn but would it be impossible to see it go to 20 (5x) or 40 (10x) or 50 (12.5x) with the right reason behind it like and a tweet from someone important or confirmation of a connection with the Gates foundation or something, who knows.
Anyway, the bottom line is we have Buy limits down at $0.03, $0.05 (Green weekly Vectors) and $0.07, if it dares to go down there or if there is a bear run.
All we know is after the double up (100%) from $0.25 - $0.50 in Aug/Sept 2021 we are thirsty for more blood but the best price we have had so far is $0.21 and took partial profits at $0.31 (50%).
This is definitely one to keep an eye on and if we can get a better buy price then we are here for it
This is not financial advice and should be taken with a pinch of salt.
DCA
Index Fund : On top of your DCA investment method.This is just a top-up strategy for your Dollar Cost Averaging investment strategy.. when the index fund corrects 7%.. you buy. When it goes further down to 10%.. you buy.. When it goes further down to 15%.. you buy.. and so on. You get the point.
More often than not, these corrections begets another higher move breaking the price structure.
You probably think this is crazy, but why is it crazy? Since when buying on discount is crazy?
EGLD/USDT - 4H - Potential channel breakout and bull flagEGLD might be looking ready to move on the 4H. Fib Trend Time indicator also showing this.
White channel (flag) measured move taps the 0.5fib extension area.
Should price break down, red arrow measured move points to potential DCA or SL range. Lowers still; red arrow taps the monthly blue CPR range.
Yellow arrow (pole) measured move taps the 100% fib extension area. Will reduce position at the 618 and 786 fib ranges also.
Bit scared of BTC right no6w, so who knows what ELGD and others will do, but let's see...
DOTUSD on 21-11-01 16:43While other L1's have taken the spotlight mid summer → mid Sept, Polkadot seems to have fallen out of the conversation until recently.
CT has been buzzing the last few days, IDK if there's any big news on the horizon? Only that the chart looks tasty. I'm looking to add to my bag as follows:
50% @ $44.70 (spot)
25% @ $42.10 (w 1x)
15% @ $39.07 (w 2x)
10% @ $47.18 (spot)
In addition to my regular DCA of a few DOT/wk. Hopefully a good EOY!
3 Ways To Invest In Crypto Market WITHOUT Education 💡You got a busy life and you don't have time to research and learn about thousands of cryptos,
Or you maybe don't see yourself and your life a trader,
Maybe aren't even interested in capital market.
You just heard Crypto Market is gaining a lot of profit and you just don't want to miss it..
You know what?? You hear from a Shit Coin.. You buy some.. And You will lose most of or maybe all your money ..
This IDEA will guide you through this situation, it will let you know how to invest successfully (probably), in crypto market.
I tried to minimize the risk for you..
SHALL WE BEGIN???
There are three possible ways, the First one will cost you money, the Second and the Third are free of charge.
FIRST: Go to an expert consultant.
The only thing you need to do, is to research and find suitable expert consultant for yourself. After that everything is done.
He/She, will gather some of your personal information to know you better to arrange a personal crypto portfolio.. This type of portfolio is uniquely designed for you and your personal goals..
And of course this way will cost you money due the type of expert you find.
SECOND: Bitcoin & Ethereum.
Clear your mind from whatever exciting coin and token you hearing all around the social media or you friends..
Bitcoin and Ethereum are the King and the Queen of the market, AND NOTHING ELSE MATTERS...
Try to calculate how much money can you HOLD or HODL for at least 5 YEARS . Buy Bitcoin/Ethereum with that money and store it in a safe place and just don't think about it anymore until that 5 year deadline comes up.
I believe you will be surprised when you see the outcome of your investment. And don't remember that at least 5 year is so important.
free of charge this one.
THIRD AND LAST: DCA, Dollar-Cost Averaging.
Did you remember older members of the family always told us, don't spend all your income. Put some of your income into the bank, monthly. It'll come handy some day.
Dollar Cost Averaging is something like that, and you know what?? It will work perfectly on Cryptos.
The only thing you need to do, is to calculate you monthly costs and income. After that promise something to yourself, I WILL SAVE SOME OF MY INCOME INTO CRYPTO EVERY MONTH. It can be %5, %10, %15,... whatever number you and your life feel comfortable with.
This DCA needs Three situations for you to concentrate on. First , You should keep your promise and buy crypto every month no matter what happens. Second , you should again wait at least 5 years . But don't worry the results will make you satisfied.
And Third , Just buy Bitcoin or Ethereum again and nothing else. Don't remember The KING and The QUEEN.
Why it is called AVERAGING??? because, no matter what is the price your filling your bag every month, so you will buy bitcoin in the deep, in the middle and in the top. This way you will buy your asset in an average price, without even knowing anything from the market.
This one was free of charge too, and I believe from bottom of my heart you will be excited from the result..
This is it.. I hope you enjoyed this IDEA.. If you did so, push the LIKE button and feel free to talk to me in comment section :)
Alts pump stated - Ex CompHello,
Here is what I have identified, based on one of my own custom indicator.
My indicator called DCA Daily Buy (but also working on 12, 4h, 1h, with adujsted settings), supposed to help me identify bottoms on big coins : BTC, ETH, LINK, LUNA, COMP, SNX, and some others, vs USDT.
I have found by mistake that vs BTC, my indicator was already flashing sigals to buy.
And when I compare for example compusdt and compbtc, I see that when compbtc start to move up, compusdt also moving up, soo I have set some buy order... :)
compbtc :
compusdt :
CompBTC Compared to CompUSDT :
Using Kagi with 200 moving average for DCAI am testing an idea where an investor can maximize his dollar-cost averaging method by using the Kagi indicator.
A Kagi chart plots prices like a snake, continuously. When the price falls, the line appears red in color. And when the price rises, the Kagi line appears green in color.
It changes color (from red to green and reverse) when the trend changes.
Buy Entries as long as it is on green week
Pause Entries if it is red
Emergency sell if Kagi crosses under the 200 moving average
Todo: convert kagi to a pinescript and backtest the strategy
make sure to include pyramiding to make it realistic for Filipinos to invest weekly
ONE/USDT - 1H Binance - Long potential with DCA retrace markers$ONE looking strong. Previous breakout measured moves still available, targeting the $0.27-$0.32 range. BTC needs to continue behaving though.
Dotted white horizontal rays mark some potential DCA long opportunities, should we get a stronger retrace.
Leveraging carefully - If we head back down into the white channel ("flag"), things could get a little heavy.
Come on the ONE.
DENT/USDT - Binance - Potential channel and bull flag breakout Chart looks a bit noisy, but I'm testing out the Trend-Based FIB Time Indicator, hoping the retrace will bounce at its 1.0 marker. Further confluence of this present, as this point is also where the 50EMA, top blue CPR and a longish-term green trend line all meet.
Channel break DOWN measured move meets the 100EMA and red CPR line.
If there's further downward movement you could DCA at the lower red CPR lines.
Channel break UP measured move meets the 3.82 FIB and the 1st green CPR line (around 0.006148).
Further upward movement could lead to two potential pole moves; yellow meets the 1.0 FIB extension (0.007148ish) and white hits a green CPR (0.007382).
All eyes on BTC
OMG/USDT - Huobi - Potential Bull Flag and DCA OMG at resistance meeting top of pink channel.
If it bounces at the 21EMA step line then price could break up and out to meet the pole's measured move.
Green CPR line also meets the pole's measured move target range.
Closing below the 21 EMA steps could bring price back lower into the pink channel.
Price could bounce on the green 50 EMA and/or blue CPR ranges.
Lower still, the red 200 EMA could be good for a bounce and long around $13.88.
Could get a potential wick down to grab the $12.88 range also maybe.
All dependent on BTC as always.
BTC/USDT Finding the Dip?BTC was on an uptrend since the end of July 2021 after the massive correction between May-July. We can see BTC was very bullish with continuous green candles in the weekly chart until we hit 53k. Since that BTC started to correct. As lots of experts predicted this happen in September.
At the moment BTC broke the 42k Local support and trading below. if we refer to Demand Index it is still positive and we can see a downtrend making LH and LL (Demand Index). This indicates that Bears is in control at the moment bring the buying pressure lower.
So how low we can go?
1. Well we need a big green spike on the Volume indicator to reverse the trend and we haven't seen one since mid-August.
2. If we draw Fibonacci on weekly chat we can see the 50% correction 41k and we touched 40k. If we lose this support then the next stop is the 61.8% at 38k. Worst-case scenario next stop at 34k (78.6%)
This is a prediction purely based on technical and I'm ignoring all the FUD news.
In my opinion, 38k is the area where Whales are loading their cash and waiting to BUY. Only if the Bulls lose the battle at 41-42k.
The best strategy is to do Dollar Cost Average from 42k to 38k and accumulate much as we can. Because If we hit 38k or below then we will see a huge bullish spike in volume that will liquidate major bears and create a domino effect. This means BTC could pump from 38k (or 34k) to 48k in a short period.
This is not financial advice, please DYOR and maintain proper Risk Management strategy
The last DIP? Time to BUY?As you can see, BTC still making a higher low since few days back, and it just now testing the purple trend line BTC just broke and went upside few days before...
Right now BTC could found it support in both the purple trend line and the red fibonacci level line... this would be a very strong support if you asked my opinion...
if somehow the downward pressure is very-very big, and both of this support break, $46000 would be my first target in the downside...
But still, it it breaks to the downside, it wont surprise me if it testing lower level such as the $45K level, the most important support still would be in the $44.3K (green line)
If it breaks, then a lower price target would be in play... Final resistance would be in around 41K-42K level... Which also what the creator of BTC stock to flow model said in his tweet...
But for now, I am just accumulating/DCA in project that I like and waiting to see how it will play out...
Dont stress out!!! it's just noise until it breaks serious support and resistance... hahhaha
#Keepitsimple
#notfinancialadvice
Comparing a strategy with and without Safety OrdersOne important thing when day trading or scalping is risk management . To find the good balance between risk and reward .
So I compared the same strategy with and without Safety Orders.
Here's an idea explaining how safety orders work if you didn't know:
The strategy used for this example is a daily pivot & consolidation breakout.
Before I explain the results, a few definitions:
Net profit = Gross Profit - Gross Loss. Basically the total profit earned by winning trades minus the losing trades.
Percent Profitable = Percentage of winning trades divided by losing trades. I like to call it the winrate.
Profit Factor = Profits divided by Losses. It tells how many times your profit is bigger than your loss. A strategy becomes profitable when the profit factor is greater than 1.
Max Drawdown = Maximum consecutive losses. AKA, the biggest lose streak. A good indicator of how risky your strategy can be.
A last few details:
Both strategies have an intial capital of 10 000 €, 0.1% commission on each trade, and each order is a market one, to make sure everything gets filled.
█ STRATEGY 1 - Take Profit & Trailing Stop Loss
The strategy has a 7% Take profit and a Trailing Stop Loss that starts at 11%.
Each order buys with the total capital without compounding (fixed 10k €)
With 52 trades closed, the strategy has a profit % of 147 . It suffered a max % drop of 15.5% . The profit factor is of 2.19 . And finally, the winrate is 76.9%
█ STRATEGY 2 - Take Profit & Safety Orders + Stop Loss
The strategy has a 7% Take profit, 10 Safety Orders, each spaced by a 1% step, and a stop loss at 11%.
Now the base order will only buy 100 €, while each safety order will buy 990 €. This is to ensure that the total capital is used and not more.
Also note that the take profit is based on total trading volume. As the safety orders get filled, the target drops a bit lower.
With 263 trades closed, which is due to the safety orders (5 per trade in average), the profit % drops to 79 . That is almost half of strategy 1. But, the max % drop is divided by more than 2 : only 6.9% ! The profit factor almost doubled , as it is now at 3.8 . Also, the Percent profitable increased to 83.6% .
█ CONCLUSION
This comparison is just an example. I did this little process over hundreds of strategies and the outcome is always the same: safety orders reduce the risk, even though they also reduce the net profit a bit, the overall profit factor is increased .
So should you use them? It is up to you, but my answer is a big yes .
Tips on automation:
The simplest way to automate this is to place the safety orders using limit orders when the entry alert is received. Then close all deals upon take profit.
If you want to use market orders, you'll have to place each safety order as the price drops through the steps.
Indicators used in this example have restricted access. See my profile signature for more info.
The backtest results for this pair are shown below.
DCA on Bitcoin during 10 years: what's the profits ?The DCA (dollar cost average) consist to buy an amount of a value weekly or monthly without consideration of the price. Applying this method on Bitcoin you can analyse the last 10 years
Each arrows show you the buying average of one whole year, moving to the next average there is the % of profit year by year
It is interesting to notice that only 2 years was negative and less than 5%
While the OBV converge nicely with the price, which means that more and more people hold bitcoin
The profits of the first 10 years cycle of bitcoin is almost 500 000 %
Is it look profitable ?
Ripple XRP DCA Long and Short PositionsThis is a simple strategy to trade, with excellent risk management. The green lines are good entry points for taking a Long position and the Red Lines are good entry points for taking a short position. This is for educational and entertainment purposes and is not financial advice.
$LINK: Multi-year pitchfork providing clarityWhat's up frens. We got a REALLY nice reversal here with what looks to be a clear break of the multi year pitchfork prong that has been acting as a SUPER strong level of resistance.
- Light Blue arrow: Strong looking V reversal pattern with 2 back to back daily buy signals from True Vibration 2.0 indicator. That' major bullish right there and if you bought that dip? You're up 100% since then. I bought that dip, because I buy every week and DCA like we've been talking about.
- Orange arrow: After a strong rally, price action closes well outside the Bollinger bands on the daily. This also coincides directly with the same blue 1.0 deviation pitchfork prong that we talked about above. HUGE S/R line acting as resistance here.
- Red arrow: Multiple fakeout dips straight off of that S/R line. Quickly bought up with good volume. One last major dip before the final break through of the trend line.
- Green arrow: Clear break above multi year trend line. We'd like to see this daily close well above it, and we'd expect it to be tested? But the weeks of pushing against this resistance trying to break through? Might result in a more explosive move upwards.
I'm targeting the next two pitchfork prongs, as they align well with previous major S/R levels. I'd obviously expect it not to be a straight line. We'd like to see it retest and hold at S/R on it's way up.
As always though. I'm going to just keep buying and focusing on building as big a stack as I can before Super Linear Staking drives price out of my comfort zone.
$LINK will reward patience.
Covered DIP Buying - An economic sleight of handSo, I have some coins I bought in the big dip, that have remained underwater since this latest dip. It has been annoying me.
Like many others, I don't like selling for a loss. But it's such dead capital, and it seems they are a little too high to regain their old levels any time soon, so they just sit there annoying me.
I could DCA, but that is quite frankly a sunk cost fallacy problem and I think they are both pretty overvalued. I only like to DCA on undervalued stuff, because you are improving your deal even further.
But anyway, while the crypto market is 20-30% down across the board I thought I'd finally get out of these two (OMG and ETH).
Simple sleight of hand at a new bottom if you have a little bit of spare capital.
Re-buy the same AMOUNT (quantity) of the coin at the new bottom price.
You have got a DCA if you so choose OR wait until the market recovers a bit and sell the more expensive pile after it recovers a certain amount.
Voila, it is as if you sold out of your position during a big dump, and bought into the bottom again, but slightly less stressful.
To be clear through example.
I bought 0.06 Eth at 2100 EUR for 126 eur a month or so back.
I just bought 0.06 at 1580 EUR for 94.8 eur yesterday
I would expect to easily be able to resell (my 0.06) for at least 2000 USD, or about 1750 USD, or 105 eur.
This is the inverse of selling on the way down and buying back in at the bottom.
(Bought 0.06 at 126 euro, sold at 1750 euro for 105 eur, and then bought the bottom for 94.8 ... thus winning 10 euro)
To be honest, I mainly want to get my shit off of Uphold because it is expensive and useless, but this seemed a useful mental trick.